What do you expect from your Realtor? A qualified realtor will not assume that you understand all the intricacies of buying or selling a home. Rather, the realtor will provide a full explanation of what you should expect so that you won’t be confronted by any unpleasant surprises during the process.
A Personal Assessment
One of the first questions your realtor should ask is “Why are you moving?” A realtor will also look at the time constraints you face (such as having to move quickly to take a new job), your financial situation and your future plans.
A Way to Find Your Perfect Home
Your realtor will help you decide what you want in your new home. Do you want a swimming pool? A two-car garage? A extra room for an office? A particular design? What is your ideal neighbourhood like? How close do you need to be to schools or to work? A good realtor will take your needs, your desires and your budget, compare them to market availability and come up with recommendations that will you time and money.
The realtor will also accompany you while you visit houses and will help you decide whether they’re suitable or within your price range. Armed with expert knowledge, your realtor can offer information on neighbourhoods, utility costs, what shape the furnace is in, and much more. Your realtor is there to help you find and afford your perfect home.
Access to Properties Available
Multiple Listing Service® or MLS® is a service available only through a realtor, and it is an extremely valuable service. MLS offers details on a wide range of listed properties to your realtor, which can mean a huge savings in time and work as you search for your perfect home.
Knowledge of Various Financing Options
Your realtor will have a wide knowledge of the financing options that are available to you as a home buyer, and can help you decide which is the best option for you. The realtor can also help you obtain financing at the most favourable rates and terms.
An Experienced Negotiator
A realtor has extensive experience in putting together deals that are fair for all sides. Your realtor will help you negotiate an offer, and will act as a mediator between buyer and seller, resolving any conflicts that might arise. The realtor will also help to draw up a legally binding agreement.
Honesty and Integrity
Any realtor in Ontario should be a member of the Ontario Real Estate Association (OREA). Only OREA members are entitled to officially call themselves realtors.
When you work with a realtor, you can expect that he or she will strictly follow all provincial laws, and also strictly follow OREA’s code of ethics. That code will ensure that your realtor will provide you with the utmost level of service, and will do with unfailing honesty and integrity.
Highest Professional Standards
Before they receive their real estate license, realtors must successfully complete a wide-ranging course of study drawn up by OREA for the Real Estate Council Ontario. But it doesn’t end there. Within their first two years of professional practice, license holders must successfully complete three more courses as a part of the process of articling with an experienced broker. As well, all licensees must attend courses throughout their professional career in order to maintain their license.